Bridge to Web3 Finance

Since its launch, EURC has seen considerable adoption, with notable implementations such as its integration into Ripio, a leading Latin American cryptocurrency exchange. This move has stimulated growth in the European cryptocurrency market and bolstered Bitcoin usage. Purchasing a new EXTEDO application is the first step to streamlining business and regulatory processes within your organization.

• The collaboration will onboard EURS into the XDC Network to form part of its diverse stablecoin ecosystem.
• Per the company’s announcement, the cost of transactions was expected to be reduced by 20-35% with the improved smart contract code.
• Mirroring the USDC model, the EURC maintains parity with the Euro and secures its value with tangible reserves.
• Additionally, STASIS EURO complies with existing European regulatory requirements, adheres to AML and KYC verification procedures, and has a partnership with KPMG.

Alongside a host of other stablecoins, including EURS, the proposed asset will serve as a market solution to bring trade finance on-chain — bolstering liquidity and routes to funding in the sector. The EURS integration comes in an effort to foster greater liquidity in the trade finance sector — particularly for small and medium enterprises (SMEs) that remain impacted by the ongoing coronavirus disruptions. This integration will also help users within the XDC ecosystem by providing a transparent stablecoin solution that complements solutions pegged to the US dollar.

STASIS EURO community

To ensure a seamless connection to your existing processes, the agency solution provides an API that enables you to readily integrate with many third-party systems. This ensures increased operational efficiency and further streamlines the validation processes within your organization. In addition to this, the agency solutions’ integrated connector enables you to automatically keep a local agency solution repository, or partial repository, that is synchronized with the EMA Common Repository. The in-build technical validation ensures your submission is valid according to the latest validation criteria provided by the authorities.

The Stellar network stands out as a blockchain designed for facilitating efficient, low-cost, and fast payments. Its decentralized protocol enables seamless transactions, connecting individuals, institutions, and payment systems globally. However, one of the significant challenges in traditional cryptocurrency transactions, especially for daily use, is volatility. The reliability and consistency of stablecoins make them highly valuable for everyday transactions and a critical component in the realm of payments. The introduction of STASIS EURO or EURS to the Stellar network is a timely response to this need, offering a market-tested and dependable option amidst the market’s ups and downs not only to Eurozone clients but globally. XDC Network is a hybrid public/private Layer 1 blockchain network that processes 2,000 TPS (transactions per second) and has extremely low gas fees.

He started out in IT, established a high-speed Internet Service Provider (ISP) called BNET at a young age, then moved into finance and later entered the crypto sector during the emergence of Bitcoin. As a centralized issuer of a stablecoin, STASIS provides multiple forms of proof that it can truly back all EURS in circulation. The company releases a daily statement of its assets and undergoes quarterly verifications and annual audits by the auditing firm BDO Malta.

This integration brings a new digital version of the second-most widely used currency in the world to the Stellar network, broadening access to transparent and reliable euro-denominated stablecoins. The collaboration will onboard EURS into the XDC Network to form part of its diverse stablecoin ecosystem. The Stellar-based EURC, issued by the European Central Bank, is poised to enhance international payments, remittance lanes, treasury management, and humanitarian relief efforts. This integration marks a significant stride towards more inclusive financial services, allowing businesses and developers to provide banking services and conduct transactions instantaneously.

Despite having a market capitalization of around 30 million euro through 2020, the popularity of https://cryptolisting.org/blog/what-are-quick-assets-list skyrocketed throughout 2021, and the total supply of STASIS’ stablecoin reached about 124 million euro by early 2022. In a world where understanding the intricacies of cryptocurrency remains a challenge for many, the existence of a transparent and trusted stablecoin like EURS is a game-changer. In the dynamic world of job hunting, AI emerges as a powerful ally for jobseekers, helping them navigate the competitive job market. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including STASIS EURO.

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STASIS euro was launched on Ethereum in 2018 by a company called STSS Limited, more commonly called STASIS. The founder and CEO of the project is named Gregory Klumov, a serial investor and investment advisor. Early in its life, STASIS claimed several stakeholders, including a UK payment institution and brokerage companies across the world.

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It provides a fully functional reviewing system for agencies, enabling them to view and review submission data directly within a web browser. With no need for client software, the agency solution is the ideal solution for collaborative working between agency staff and external assessors where IT resources may be limited. Depending on your system specifications, the agency solution can be installed and validated within a matter of days. Its user-friendly and intuitive interface is equipped with integrated, context-sensitive online help that ensures ease of adoption amongst your users and minimizes the need for expensive structured training sessions. Supporting distributed workforces with many hundreds of users, the agency solution is an extremely scalable solution. STASIS EURO produces its own wallet software that is available for download on its website, which allows you to store STASIS EURO on your computer.

STASIS EURO-Kursdaten live

The cryptoasset is additionally supported by a complete ecosystem of liquidity providers, custodians, exchanges, payment platforms, and many others. Already, EURS boasts over 70,000 users all across the globe, and reserves for the asset have reached almost 100 million Euros — representing a full 3x growth during the last year alone. The agency solution lets organizations review electronic submissions in a timely manner, enabling them to avoid backlogs and ensure that medicinal products meet regulatory requirements.

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Through the agency solution interface, you can access imported submissions and search, view, and annotate them. This powerful feature allows you to organize and filter submissions based on certain criteria, such as regulatory activities corresponding to the overall regulatory status of a drug product. As recognized by regulatory authorities around the globe, the agency solution is the requisite solution for effortless review and validation of regulatory submissions.

The EURS system also offers on-demand verification for any onboarded entity through their proprietary STASIS platform. The Stellar NetworkThe Stellar network is a decentralized, fast, scalable, and uniquely sustainable blockchain built for financial products and services. It offers builders a protocol optimized for payments, with a design intended to keep fees low and to provide transaction speeds that can scale with increased adoption. Financial institutions and innovators worldwide issue assets and settle payments on the Stellar network, which has processed billions operations with millions of accounts since the network was first launched. SAN FRANCISCO, Nov. 29, 2023 /PRNewswire/ — STASIS, a trailblazer in issuing euro-backed stablecoins and the company behind EURS, has recently achieved a significant milestone by integrating with the Stellar blockchain.